Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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Vicarious liability under the dishonour-of-cheque provisions cannot be extended to a non-signatory merely because of a family relationship with the proprietor of a sole proprietorship concern. A proprietorship has no separate legal identity from its proprietor and does not fall within the entities to which vicarious liability applies. Liability for cheque dishonour is author-centric: the cheque must be drawn on an account maintained by the accused. Death of the account holder revokes the banking mandate and agency, so a non-account-holder cannot be prosecuted as drawer. Where the complaint and public records show these statutory defects, inherent jurisdiction may be used to prevent abuse of process by quashing groundless proceedings.
Vicarious liability under the dishonour-of-cheque provisions cannot be extended to a non-signatory merely because of a family relationship with the proprietor of a sole proprietorship concern. A proprietorship has no separate legal identity from its proprietor and does not fall within the entities to which vicarious liability applies. Liability for cheque dishonour is author-centric: the cheque must be drawn on an account maintained by the accused. Death of the account holder revokes the banking mandate and agency, so a non-account-holder cannot be prosecuted as drawer. Where the complaint and public records show these statutory defects, inherent jurisdiction may be used to prevent abuse of process by quashing groundless proceedings.
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